Energy Vault names new CFO
Westlake Village-based Energy Vault Holdings announced the appointment of Nitin Dahiya as its next CFO. Dahiya, who begins in his new role on July 27, succeeds Michael Beer, who will be transitioning from his role to pursue other opportunities.
Dahiya joins Energy Vault from BlackRock, the world’s largest asset manager with over $15 trillion in assets under management. Over a distinguished career spanning more than two decades, Dahiya has held senior investment and capital markets leadership roles at BlackRock, Paulson & Co., KLS Diversified Asset Management, Nomura, and Lehman Brothers/Barclays.
Dahiya’s appointment comes as Energy Vault closes new contracts yielding sharp increases in its contract backlog and future revenue visibility as the Company continues expanding across utility-scale energy storage, Asset Vault IPP infrastructure ownership, AI digital and high-performance compute infrastructure, and software-enabled energy management systems, according to the press release.
“We are delighted to welcome Nitin to Energy Vault at an exciting point in the Company’s global growth trajectory,” said Robert Piconi, Chairman and CEO of Energy Vault. “As we continue executing our strategy to build one of the industry’s leading integrated power infrastructure platforms spanning energy storage, AI infrastructure, software and long-term infrastructure ownership, it is imperative that we continue to invest in our people to enhance and expand the depth of experience in what is already one of the most talented, innovative and resilient teams in the industry. Nitin brings an exceptional combination of institutional investment expertise, strategic financial leadership and capital markets experience gained at some of the world’s most respected financial firms. His appointment further strengthens our executive team as we continue expanding across multiple high-growth segments in the most attractive energy infrastructure markets, enhancing our capital formation capabilities and creating long-term value for shareholders.”
